wholly owned subsidary

subsidiary company 2(87) means a company in which another company that is holding company 2(46) holds more than 50% of total VOTING RIGHTS
wholly owned subsidiary company sec 187 of CA,2013 means a company in which another company (holding company) holds 100% share capital (note-minimum subscribe in wos shall be 7 as per sec 3(1))

closely held company means

yeah right

closely held is not a terminology in corporate laws. However, it is terms as a company whose directors and shareholders are those who are relatives or from same family. 

subsidiary company 2(87) means a company in which another company that is holding company 2(46) holds more than 50% of total VOTING RIGHTS 
wholly owned subsidiary company sec 187 of CA,2013 means a company in which another company (holding company) holds 100% share capital (note-minimum subscribe in wos shall be 7 as per sec 3(1))